Hyundai Guns for 10% Boost in Global EV Sales

This year, the car company that manufactures Hyundai and Kia cars as well as the well-known EV6 and Ioniq 5 auto cars, announced plans to boost sales by 10% globally while also speeding up the electrification process for EVs. Hyundai has released the 2023 projections even though the company’s 2022 sales goals were unmet because of supply chain issues that brought about shortages of semiconductor chips as well as other critical auto component parts.

Supplies of semiconductor chips used to control the electronics in vehicles have been globally unpredictable. This is due in part to…

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